Bank of Ireland completes €580m share placing as part of state aid deal
The Bank of Ireland raised €580m through the sale of new shares on Wednesday, completing the first part of a €1.9bn plan to remove the Irish state's investment in the lender.
The bank sold 2.23m new ordinary shares, representing 7.4% of the existing share capital, for €0.26 each. That was around a 3.7% discount to Tuesday's €0.27 close, and roughly in line with where the shares were trading on Wednesday.The deal was launched on Wednesday morning
, with concurrent
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.